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right for all to thank goodness it would out of the media pen could and should just turn away from nafta it was a terrible idea in the first place it was a republican idea you know this is supposed to be the party of labor why can't they walk there's of arizona democrat the democrats they would have split the tea party movement into this disaster this electoral disaster in two thousand and ten wouldn't have happened if they had just an obama said in the campaign he wanted to renegotiate nafta oh my god why don't always know what you are korean and they will ride that right intil intill the last democrat was finally beaten in our in our last minute or two here you have a new piece in harper's the confessions of glenn beck is here father coughlin but i don't think that's a he's coghlan was that fascinating man we don't understand how it is that you mean there is there is a lot on hoglan yeah that's how he pronounced it that he cobbled moved from left to right in the course of the one nine hundred thirty s. very you know very curious movement and glenn beck this is what i discovered and i w
right for all to thank goodness it would out of the media pen could and should just turn away from nafta it was a terrible idea in the first place it was a republican idea you know this is supposed to be the party of labor why can't they walk there's of arizona democrat the democrats they would have split the tea party movement into this disaster this electoral disaster in two thousand and ten wouldn't have happened if they had just an obama said in the campaign he wanted to renegotiate nafta...
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because as i would say, pre-nafta, california was the west coast. once nafta came through, once wto, the world trade organization, came through, the west coast was no longer california or arizona or seattle. we are in a global economy and we have to compete globally, and california has to compete globally in a way it never did for the first 50 years after world war ii. so, that's going to be a unique challenge to this state to realize they've got to compete globally. they're no longer competing against kansas, all right, or the midwest or michigan. they're competing globally. >> from an economics point of view, does it make more sense to open a market to workers just in general? the best worker comes to california -- i'm not asking you politically, although i realize economics and politics are sort of -- can be the same thing sometimes. does it make sense to just say this is our market, come work in it if you have the best talent, just from a purely economic standpoint? >> from an overall welfare point of view, for the overall economy, scott, the an
because as i would say, pre-nafta, california was the west coast. once nafta came through, once wto, the world trade organization, came through, the west coast was no longer california or arizona or seattle. we are in a global economy and we have to compete globally, and california has to compete globally in a way it never did for the first 50 years after world war ii. so, that's going to be a unique challenge to this state to realize they've got to compete globally. they're no longer competing...
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the arctic expression an asset swap deal between the oil majors ross nafta and b.p. has been blocked by a store called moderation drive you'll find out more in business so you know around twenty minutes time. it's nine pm in moscow this is our team coming to you live thanks for being with us first up this hour nato has agreed to take command of the libyan no fly zone but stop sort of accepting full military control alliance chief anders fogh rasmussen said the u.s. will hand over operational responsibility to nato within days meanwhile fresh air strikes are being reported in the libyan capital tripoli i spoke to our correspondents in the region also we're a new groups going all for the latest. the explosions they came for me in the waist of the capital city we know that the government has a military a field and military bases there so we say that this was the target as always nice . almost simultaneously happened with rounds of anti aircraft gunfire now today of course is friday prayers security incredibly intense in the downtown part of the city here's what we're be
the arctic expression an asset swap deal between the oil majors ross nafta and b.p. has been blocked by a store called moderation drive you'll find out more in business so you know around twenty minutes time. it's nine pm in moscow this is our team coming to you live thanks for being with us first up this hour nato has agreed to take command of the libyan no fly zone but stop sort of accepting full military control alliance chief anders fogh rasmussen said the u.s. will hand over operational...
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welcome to the program it's good to have your company russian oil giant forced nafta and pipeline not being transnet they want to take china's national petroleum corporation caught as they await forty million dollars they say the firm has failed to pay for january oil shipments alone russia and china signed a contract in two thousand and nine providing ross never transnet with a twenty five billion dollar loan in exchange for shipments of oil through the pacific ocean i feel like there's so little some of the chinese side is allegedly fall in short of amounts to one hundred million dollars because of that russia's oil pipeline monopoly trans nafta is now in debt to ross after a while that it purchased to deliver to china richard swan from platts energy agency says it's unlikely this dispute will get out of hand. it does seem strange that what should be a simple commercial arrangement should have this discrepancy over really quite big sums of money so this is a highly unusual but this is an unusual pipeline it's an unusual project the role of transmitted comes in here is the pipeline c
welcome to the program it's good to have your company russian oil giant forced nafta and pipeline not being transnet they want to take china's national petroleum corporation caught as they await forty million dollars they say the firm has failed to pay for january oil shipments alone russia and china signed a contract in two thousand and nine providing ross never transnet with a twenty five billion dollar loan in exchange for shipments of oil through the pacific ocean i feel like there's so...
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america simply can't afford another nafta that's called korea. madam speaker, i yield back my remaining time. the speaker pro tempore: the gentlewoman yields back. pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> the house is in recess now. they will return at 12:00 noon eastern for legislative business. on their agenda today a long-term re-authorization of federal aviation administration programs. the bill will set spending levels through fiscal year 2014. they will debate that bill, likely after a speech on the house floor by dennis kucinich on libya. we will have live house coverage presuming at 12:00 noon eastern here on c-span. take you next over to the capitol visstors center. john boehner is expected to be briefing reporters momentarily. a briefly on legislative activity. we expect to hear from john boehner shortly. this news from yesterday that there would be a vote tomorrow on a budget bill of sorts. two house republicans yesterday introduced legislation that attempts to enact the $61 billion
america simply can't afford another nafta that's called korea. madam speaker, i yield back my remaining time. the speaker pro tempore: the gentlewoman yields back. pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> the house is in recess now. they will return at 12:00 noon eastern for legislative business. on their agenda today a long-term re-authorization of federal aviation administration programs. the bill will set spending levels through...
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on exchange of assets between ross and ross nafta and d.p. . although it is on core there are some some difficult as difficult as with this agreement but we have no doubt that in this or the way it will be implemented. we. recently we missed another where an important. a signature. total french total company and the name to go to market and wang shares in the company will also work for the bar what is there even if not a rising interest and we're speaking about extremely serious international companies conglomerates operating worldwide so and these companies face. they're treating russia as a. country. suitable for their investments and we're satisfied with since you've mentioned it yourself let's hear what the the c.e.o. of the french energy giant south east of there marjorie had to say about investing in rush. today's situation in the world shows that we've been right to aim to boost our investment into russia russia is a very attractive country for investors which is even more obvious to be the instability that we currently facing. there wer
on exchange of assets between ross and ross nafta and d.p. . although it is on core there are some some difficult as difficult as with this agreement but we have no doubt that in this or the way it will be implemented. we. recently we missed another where an important. a signature. total french total company and the name to go to market and wang shares in the company will also work for the bar what is there even if not a rising interest and we're speaking about extremely serious international...
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03/11
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these nafta-type trade deals translate into net job loss. even the president doesn't claim that the deal will create new jobs. that's because it won't. in fact, it will cost jobs. america needs trade reciprocity. we need balance at a minimum where our exports balance our imports and hopefully exceed our imports. we need to make goods in america again, not outsource more jobs. it's obvious to everyone we have a job crisis in america. across our economy the real rate of unemployment and underemployment is over 17%. this agreement again will negatively impact employment. in my district alone the agreement threatens thousands of jobs. why would america do this again to our people? more outsourcing, more job loss. my district is at the center of the automotive sector, and our company supplies manufacturers from alabama to detroit to new jersey to california. this deal is bad for the entire u.s. automotive sector, the entire sector. in december the administration negotiated with the korean government a supplemental agreement on the automotive sect
these nafta-type trade deals translate into net job loss. even the president doesn't claim that the deal will create new jobs. that's because it won't. in fact, it will cost jobs. america needs trade reciprocity. we need balance at a minimum where our exports balance our imports and hopefully exceed our imports. we need to make goods in america again, not outsource more jobs. it's obvious to everyone we have a job crisis in america. across our economy the real rate of unemployment and...
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very very ugly newt gingrich also appearing on a radio show yesterday gingrich touted the success of nafta and when a caller pressed him that america has lost a lot of jobs to mexico as a result of free trade gingrich came back with this winner of the response. narrative enabled us to build jobs in canada the united states and mexico in competition with china i mean our big competitors not mexico are big competitors china and india and i'd rather have jobs close to united states that have jobs overseas in places like china and india. that's been sort of a lost job is a lost job no matter where it goes you wake up i don't think it's any consolation that out of work american can actually see his job across the southern border but if that was true then maybe some unemployed americans could head up to sarah palin support alaska and look out post and see their jobs in china too was that russia any way to say apathy toward the unemployed is very clear. if this happened here could we handle it. and then you know which way the wind blows tokyo could be the half of the radioactive cloud spewing fro
very very ugly newt gingrich also appearing on a radio show yesterday gingrich touted the success of nafta and when a caller pressed him that america has lost a lot of jobs to mexico as a result of free trade gingrich came back with this winner of the response. narrative enabled us to build jobs in canada the united states and mexico in competition with china i mean our big competitors not mexico are big competitors china and india and i'd rather have jobs close to united states that have jobs...
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over the right to develop the enormous energy reserves in the russian all to together with ross nafta these are of course the russian company has offered to buy a five percent stake in b.p. for about eight billion dollars experts say the company wants to buy at stake and that's what works for shares in last year which b.p. plans to acquire just remind you in january b.p. announced a deal with the russian oil major to swap shares and to create a joint venture to explore the russian arctic however the russian shareholders of b.p. is russian venture to take a b.p. object a big deal think that it violates their agreement with the british company that any new project of b.p. in russia should be implemented via t m k b p so the latest offer to buy b.p. a stake is expected to be discussed with the company is that record at ten k. b.p. board meeting this friday. going to the markets now we saw with the united states on there was a positive opening slightly positive business as payroll processor a.d.p. said private companies added two hundred seventeen thousand jobs on a seasonally adjusted ba
over the right to develop the enormous energy reserves in the russian all to together with ross nafta these are of course the russian company has offered to buy a five percent stake in b.p. for about eight billion dollars experts say the company wants to buy at stake and that's what works for shares in last year which b.p. plans to acquire just remind you in january b.p. announced a deal with the russian oil major to swap shares and to create a joint venture to explore the russian arctic...
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january oil shipments alone the two sides signed a contract in two thousand and nine providing ross nafta with a fifteen billion dollar loan from china in exchange for shipments of well we. might like the total sum of the chinese side as allegedly fallen short of amounts to one hundred million dollars every because of that russia's oil pipeline monopoly transnet is now in debt to ross after that it didn't live at the china it was richard swung from plants energy agency says it's unlikely this dispute will develop into a full scale call. it does seem strange that what should be a simple commercial arrangement should have this discrepancy over really quite big sums of money so this is a highly unusual but this is an unusual pipeline it's unusual project the role of trans if it comes in here is the pipeline company they don't own the oil at the start of the chain but they take delivery of it and push it all the way to the chinese border china seems to be lobbying and we're hearing the kind of not happy with the price the implied price for the transport costs along the pipeline i think they t
january oil shipments alone the two sides signed a contract in two thousand and nine providing ross nafta with a fifteen billion dollar loan from china in exchange for shipments of well we. might like the total sum of the chinese side as allegedly fallen short of amounts to one hundred million dollars every because of that russia's oil pipeline monopoly transnet is now in debt to ross after that it didn't live at the china it was richard swung from plants energy agency says it's unlikely this...
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who built this country from the time of george washington until against ross perot's warnings we join nafta signed gak and created to join the world trade organization. it's time to pull out all of that today and that's the big picture for tonight more information and visit our website. check out our you tube page egypt dot com slash the big picture of our t.v. and also our to dot com and don't forget democracy begins with you get out there and get active tag your it will see it on. wealthy british. markets why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to the report. as colonel gadhafi once again refuses to be price from power a humanitarian crisis is being played out on the libyan border. we've come to the region she signed on to qatar thousands of people are looking as they see basically lives join us in a few moments simple. as uprisings in the middle east and north africa is seen refugees flood europe world prices spike up there's a threat of radical islam a look at what implication
who built this country from the time of george washington until against ross perot's warnings we join nafta signed gak and created to join the world trade organization. it's time to pull out all of that today and that's the big picture for tonight more information and visit our website. check out our you tube page egypt dot com slash the big picture of our t.v. and also our to dot com and don't forget democracy begins with you get out there and get active tag your it will see it on. wealthy...
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supporting high oil prices with ongoing insurgency old world crude oil supplies out to the region cross nafta's rising more than one point five percent and look well it's almost episode high at this hour now chris with the world save explains why the current oil situation ace favoring russia. in many ways this combination of the threat of a disruption in the middle east providing support to the oil prices while at the same time the risk of slower economic growth and of course disruption in japan. causing you know concerns about demand that combination which likely to keep the price of oil around the currently current window is near ideal for russia because if you had a situation where the threat level of the structure were to rise too much on checked and the price of oil were to go to one twenty one thirty one forty that actually would be bad for russia short term we get more money flows for the fear you would have a negative impact on the reform process on the motivation from government to drive reforms and everybody would worry about another two thousand and eight effect in other words rising
supporting high oil prices with ongoing insurgency old world crude oil supplies out to the region cross nafta's rising more than one point five percent and look well it's almost episode high at this hour now chris with the world save explains why the current oil situation ace favoring russia. in many ways this combination of the threat of a disruption in the middle east providing support to the oil prices while at the same time the risk of slower economic growth and of course disruption in...
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because more than two percent higher and she shares up on the rise as well prices go higher truths nafta's flies in the one percent will clearly smoke behind them five percent higher. if you click prices will remain the key driver for the markets again today i think it came from christine as concerns stock exchanges balancing between mass so while. the markets today will continue to focus on the development of the situation in japan whether the rescue operation will have any success or not and this will signify for the global markets that we are either in the situation which is a huge buying opportunity or a situation which is a middle point of a bigger itself among the important data that we will expect today is the u.s. jobless claims states that is likely to be overshadowed by external factors that will impact markets across our geography. and so have time for know your options so you. wealthy british scientists scientists sometimes. markets why not. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial hea
because more than two percent higher and she shares up on the rise as well prices go higher truths nafta's flies in the one percent will clearly smoke behind them five percent higher. if you click prices will remain the key driver for the markets again today i think it came from christine as concerns stock exchanges balancing between mass so while. the markets today will continue to focus on the development of the situation in japan whether the rescue operation will have any success or not and...
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russian investment holding system is in talks to sell twenty five percent of oil giants bash nafta to india's oil and natural gas corp the deal estimated at around two point three billion dollars could already be sealed by the end of march it was reported that the n.g.c. have long been considering a stake in bassinette with an eye on participating in the arctic trips in the arctic trips to top world feels that the russian company acquired the rights to last year the indian state company already has a stake in russia's sakhalin one orland gas projects in the pacific. and yes it's another working day for the russian markets ahead of a long weekend huge of public holiday in the country and my socks are trading positively though quite unlikely due to the absence of foreign benchmarks so you look at some of the stocks the outstanding form of the session is mining company metro it's up two and a half percent and saturday session that has several investment banks have given a positive outlook for the stock and the shares a positive as the west texas crude rose two and a half dollars by the e
russian investment holding system is in talks to sell twenty five percent of oil giants bash nafta to india's oil and natural gas corp the deal estimated at around two point three billion dollars could already be sealed by the end of march it was reported that the n.g.c. have long been considering a stake in bassinette with an eye on participating in the arctic trips in the arctic trips to top world feels that the russian company acquired the rights to last year the indian state company already...
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russian investment holding system is and talks to sell twenty five percent of oil giant bash nafta india's oil and natural gas corp the deal estimated at around two point three billion dollars could already be sealed by the end of march but it was reported that n.g.c. had long been considering a stake and with an eye on participating in the arctic more oil fields of the russian company acquired the rights for last year the indian state company already has a stake in russia's far east second one or the gas project. that's open that will be back in one hour's time the headlines are next on. the. clock. luke. the book more news.
russian investment holding system is and talks to sell twenty five percent of oil giant bash nafta india's oil and natural gas corp the deal estimated at around two point three billion dollars could already be sealed by the end of march but it was reported that n.g.c. had long been considering a stake and with an eye on participating in the arctic more oil fields of the russian company acquired the rights for last year the indian state company already has a stake in russia's far east second one...
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built this country from the time of george washington and still against ross perot's warnings we join nafta signed jack and created to join the world trade organization and signed a pull out of all of them. today and that's the big picture for tonight for more information visit our website. check out our you tube page you tube dot com slash the big picture of archie and also our change dot com and don't forget the marker see begins with you get out there and get active your it will sit around. the official. show on phone only pulled from the. video. she's mine. or a sense for you now in the palm of your. question on the. it. was. a. ok loner show will get the real headlines with none of the mercy are going to live out of washington d.c. now today we continue our coverage of events unfolding in libya argue s. and british officials as well as the media downplayed what intervention would really then the fight for unions is becoming contagious as other states find themselves in similar situations that we've seen in madison wisconsin we'll bring you the latest details on protests under way in oh
built this country from the time of george washington and still against ross perot's warnings we join nafta signed jack and created to join the world trade organization and signed a pull out of all of them. today and that's the big picture for tonight for more information visit our website. check out our you tube page you tube dot com slash the big picture of archie and also our change dot com and don't forget the marker see begins with you get out there and get active your it will sit around....
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saying that states intend to deal with loss nafta was in breach of an earlier agreement made when t n k b p was for that detail that deal is now on hold and stan followed yes who is the chief executive of a r which represents the russian shareholders in t.n. k b p said he was happy with the court's decision for a tribunal was very clear. b.p. was in breach for richer older agreement. it cannot. completely. through all of the. actual. relationship between b.p. and they are in the management of. b.p. has also asked the another decision from the court they've asked the court to say whether they could perhaps drop the part of the deal with ross naf that was royal exploration will continue with a sixteen billion dollars share swap that will be decided later whatever b.p. does it has to arrange something by april the fourteenth if it doesn't the deal in its current form will expire it certainly is very disappointing but b.p. back in january when this deal was announced b.p. was very happy with it they said it was a historic deal and that it could open up that last great unexplored reserve o
saying that states intend to deal with loss nafta was in breach of an earlier agreement made when t n k b p was for that detail that deal is now on hold and stan followed yes who is the chief executive of a r which represents the russian shareholders in t.n. k b p said he was happy with the court's decision for a tribunal was very clear. b.p. was in breach for richer older agreement. it cannot. completely. through all of the. actual. relationship between b.p. and they are in the management of....
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stinking trade barriers we don't need to protect america the whole free trade idea went on spare oids with nafta gatt in the w t o and you know what you are you may be wondering now how do i bring this back to housing what that led to is that we now have an economy that based on manufacturing which is what i mean go back to adam smith seven hundred seventy six wealth of nations the literally the wealth of nations is the ability to transform raw materials the stuff of the soil of the earth into finished goods but we've abandoned out so now and we've gone from thirty thirty five percent manufacturing or a level percent for a as a percentage of our g.d.p. and banking which used to be so instead we were living in a bubble economy banking which used to be this nice board. i mean business and it should be frankly predictable safe profitable marginally even boring and thinking for the long term banking generated thirty five percent of the of our corporate profits year before last i don't know the numbers for life cheerio and now the banks are saying that this year is going to be their best year in twen
stinking trade barriers we don't need to protect america the whole free trade idea went on spare oids with nafta gatt in the w t o and you know what you are you may be wondering now how do i bring this back to housing what that led to is that we now have an economy that based on manufacturing which is what i mean go back to adam smith seven hundred seventy six wealth of nations the literally the wealth of nations is the ability to transform raw materials the stuff of the soil of the earth into...
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issue once in a while prime minister putin said to be made joint optional projects if it offers cross nafta and gas prosecutable conditions this is the first time that russian foreign minister has commented on the widely discussed conflict but never repeat their agenda of the next team p.v.p. meeting not twelve will include different questions. but also as this may become ace in the company's hand. to give you he has to pay some dividends and part of this is the villains. and they truly do because b.p. is a part of the growth team team gave me use the given them each new. tool to push b.p. to make a decision in conjunction with arctic explorer if i'm right i don't think it's necessarily going to help them but that's what probably be the most powerful tool in the hands of. shareholders to press b p a liberated the season on this and the world's largest producer to sell rejected nichols offer to buy twenty percent of its shares for twelve point eight billion dollars let's. see oh take when the exhibit basket is not about to cede his stake while metal prices are enjoying a high. since we belie
issue once in a while prime minister putin said to be made joint optional projects if it offers cross nafta and gas prosecutable conditions this is the first time that russian foreign minister has commented on the widely discussed conflict but never repeat their agenda of the next team p.v.p. meeting not twelve will include different questions. but also as this may become ace in the company's hand. to give you he has to pay some dividends and part of this is the villains. and they truly do...
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he helped negotiate peace in bosnia and also the nafta trade agreement. he honed his skills spending time trying to negotiate the release of iranian hostages for president carter and then went on to lead al gore's presidential recount fight. today his successor, hillary clinton, called him a diplomat's diplomat who left america safer and the world a more peaceful place. warren christopher was 85. >>> and an honor today from one person injured in the line of duty to another. army sergeant al lee sharing a purple heart he earned in iraq with congresswoman gabrielle giffords. he presented it to her office the other day, and today, one of her staff members traveled to houston to deliver it to her at the hospital where she's still recovering. >>> tomorrow, spring arrives ushered in tonight by the biggest, brightest full moon in 18 years. we all have to go out and look. the so-called supermoon. a coincidence of two things. the moon comes closest to the earth in its egg-shaped orbit as the full moon peaks. look up as the moon begins to rise in the sky or as it s
he helped negotiate peace in bosnia and also the nafta trade agreement. he honed his skills spending time trying to negotiate the release of iranian hostages for president carter and then went on to lead al gore's presidential recount fight. today his successor, hillary clinton, called him a diplomat's diplomat who left america safer and the world a more peaceful place. warren christopher was 85. >>> and an honor today from one person injured in the line of duty to another. army...
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political figures and folks in the real world has been a flashpoint for some time now certainly since nafta but academicians economists with a capital e. have been telling us for a long time that free trade is a known scientific truth of economics but that's changing people are finally figuring out how to translate these criticism free trade into the abstract mathematics that economists are prepared to consider real thinking and i thought it was high time somebody told the general public about where that was going well and that's that's one of the things that i found some marvelous a valuable free trade doesn't work is that anybody could read it and get it i mean it was just it wasn't a book written like you know i i slogged through wealth of nations. theory of moral sentiments was actually easier to read you know adam smith both of but both of them you know and in david ricardo's work in any case let's let's just start out with some definitions of free trade. well free trade means that there are no barriers for buying and selling goods produced in one nation in another country and in the u
political figures and folks in the real world has been a flashpoint for some time now certainly since nafta but academicians economists with a capital e. have been telling us for a long time that free trade is a known scientific truth of economics but that's changing people are finally figuring out how to translate these criticism free trade into the abstract mathematics that economists are prepared to consider real thinking and i thought it was high time somebody told the general public about...
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let's have a look at some individual share russia second largest oil producer gaining half cent cross nafta is trading marginally in the black for bankers are more than one percent after it has reported an almost eight fold increase in its net profit last year after six point four billion dollars the head of government press has also commented on the plans privatization of russia's largest lender. to stay with her bank its c o r a graph says the privatisation of a charge in the by will take place this year the exact size of the state will be determined by market conditions are good enough but you have to push the question now is the stories but i'm not sure it will be privatized it will depend on market conditions with said plan only grab a choice whether it's somewhere between hope and back in the form i want my privatization will take place by the end of the year the privatization decision must also be approved by the national banking committee which will consider this human march and we will not inject so many shares into the market so that there's an oversupply of growth in the interest
let's have a look at some individual share russia second largest oil producer gaining half cent cross nafta is trading marginally in the black for bankers are more than one percent after it has reported an almost eight fold increase in its net profit last year after six point four billion dollars the head of government press has also commented on the plans privatization of russia's largest lender. to stay with her bank its c o r a graph says the privatisation of a charge in the by will take...
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and below instead of looking at the actual cause of this we're looking at the symptoms but this is nafta this is gap this is deindustrialization this is globalism this is the out of control regulation smothering jobs in north america and shipping of the third world in developing countries like china if you don't write off the one point five quadrillion into rivets created by the big six megabytes that we're paying most of our taxes to pay off that we don't owe if we go the way of greece and ireland who have signed on to a desk. but the bankers said then there's no way to get out of this you could get rid of all the wealth or you could get rid of the union you could get rid of social security and it would never pay off for a fraction of the one point five quadrillion the bankers engine you're going to take a once most powerful wealthy nation in the world and turn us in to get servants of the tea party doesn't understand it probably is very complex and the mainline liberals are protesting change give us more of the pie the pot has been robbed the bankers are the right target the big centra
and below instead of looking at the actual cause of this we're looking at the symptoms but this is nafta this is gap this is deindustrialization this is globalism this is the out of control regulation smothering jobs in north america and shipping of the third world in developing countries like china if you don't write off the one point five quadrillion into rivets created by the big six megabytes that we're paying most of our taxes to pay off that we don't owe if we go the way of greece and...
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one hundred million dollars because of that russia as well monopoly transnet is now in debt to ross nafta for oil that it purchased and live at the china richard swan from platts energy agency says it's unlikely this dispute will get out of hand. does seem strange that what should be a simple commercial arrangement should have this discrepancy over really quite big sums of money so this is a highly unusual but this is an unusual pipeline it's not unusual project the role of trans if it comes in here is the pipeline company they don't own the oil at the start of the chain but they take delivery of it and push it all the way to the chinese border china seems to be lobbying and we're hearing the kind of not happy with the price the implied price for the transport costs along the pipeline i think they think they should be paying a lower price than people who take the same oil but on russia's pacific coast when it comes out to cause meaning now again there's no clarity over exactly how these costs are calculated and is the price china paid is it pegged to the urals export price. or is it actua
one hundred million dollars because of that russia as well monopoly transnet is now in debt to ross nafta for oil that it purchased and live at the china richard swan from platts energy agency says it's unlikely this dispute will get out of hand. does seem strange that what should be a simple commercial arrangement should have this discrepancy over really quite big sums of money so this is a highly unusual but this is an unusual pipeline it's not unusual project the role of trans if it comes in...
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going to get you guys putting on the rallies but anyhow if there's one make a sign this is get out of nafta or throw the banks there is in jail. because largely you agree with most of the tea party guys will agree with you and it will slowly dawn on them. that they're fighting for the wrong side by the way the people who run the tea party who put the thing on paper the speakers in the platform and the microphones and the busses they're not all i happy with that pick and it's just a matter of time before their job those tea partiers or their pension or their health insurance falls on the chopping block to as a result of the pro billionaire class agenda being pushed by that is republican party think about it for a second how morally bankrupt has one party become that it feels the need to steadfastly protect banks toure's who committed fraud water economy to the brink of collapse and a tax pool teachers who make fifty thousand dollars a year and call them quote blood suckers who are tanking our economy and quote. this is insanity. and michael who wrote the letter finally saw it as he concluded
going to get you guys putting on the rallies but anyhow if there's one make a sign this is get out of nafta or throw the banks there is in jail. because largely you agree with most of the tea party guys will agree with you and it will slowly dawn on them. that they're fighting for the wrong side by the way the people who run the tea party who put the thing on paper the speakers in the platform and the microphones and the busses they're not all i happy with that pick and it's just a matter of...
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to public unions right now remember the unions and private companies took a hit with the passage of nafta and gatt and china trade because those trade agreements did not include the right to organize a right to collective bargaining the right to strike some of the jobs that were shipped over to see. notably to china to keep workers they don't have any rights so the corporations can make bigger profits workers are paid less sending the goods back to the united states and people realize all the industries we've lost now what's really happening here is an attempt to undermine the democracy and replace it with a corporate plutocracy or something that's profoundly anti-democratic american people are starting to see they're like the canaries in a coal mine on this issue they're starting to smell the poisonous gas of fascism creeping into into our country so my question is where are all the democratic leaders where is the president on this i mean you could say that it's a state by state issue but as we see it happen in a number of states and we see workers rise up in states across the country in
to public unions right now remember the unions and private companies took a hit with the passage of nafta and gatt and china trade because those trade agreements did not include the right to organize a right to collective bargaining the right to strike some of the jobs that were shipped over to see. notably to china to keep workers they don't have any rights so the corporations can make bigger profits workers are paid less sending the goods back to the united states and people realize all the...
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i left technocrat how the markets are reacting to this blocking of the go between ross nafta and b.p. b.p. is spalding one that's. cent here in london meanwhile the markets themselves are actually growing point three percent. now in russia lying is back in the country strong first day session of the like to look correction in the morning after the central bank decided to leave interest rates unchanged to increase reserve requirements for banks by one point two five and a half percent. to stop standing for ross nafis who also holding out as a result of this story deal with bt is being blocked ross article however is up five point seven percent as it becomes the sole companies of the straits of the information society space project which means it will be receiving a lot of new contracts burbank is trading in the black on news that has increased its stake in the my sector from seven to ten percent a nice technology as are the process of appropriate number of jobs. and that's all we have time for now i'll be back in one hour's time with an update stay with us. first cream removal cold a c
i left technocrat how the markets are reacting to this blocking of the go between ross nafta and b.p. b.p. is spalding one that's. cent here in london meanwhile the markets themselves are actually growing point three percent. now in russia lying is back in the country strong first day session of the like to look correction in the morning after the central bank decided to leave interest rates unchanged to increase reserve requirements for banks by one point two five and a half percent. to stop...
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thanks alice russian oil giants ross nafta and transnet want to take china's national petroleum corporation to court as they await forty million dollars they say the firm has failed to pay for january shipments alone the two sides signed a contract in two thousand and nine providing rosneft with a fifteen billion dollar loan from china in exchange for shipments of oil through the pacific ocean pipeline total sum the chinese side is allegedly fall and short of amounts to one hundred million dollars now because of that russia's oil pipeline monopoly transnet is now in debt to rosneft for the oil that it bought from was there but the china sea m.p.c. is currently negotiating to lower the supply price by up to three percent. now to discuss this issue and the outlook for well i'm now joined by richard swan from platts energy agency richard thank you very much for being with us so what do you make of this dispute of russia's receive the credit transfer was promised according to terms of contract what is it not receiving now. well there is at the heart of this dimitry a lack of clarity over the us
thanks alice russian oil giants ross nafta and transnet want to take china's national petroleum corporation to court as they await forty million dollars they say the firm has failed to pay for january shipments alone the two sides signed a contract in two thousand and nine providing rosneft with a fifteen billion dollar loan from china in exchange for shipments of oil through the pacific ocean pipeline total sum the chinese side is allegedly fall and short of amounts to one hundred million...
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point two percent take a look at some of the stocks energy shares were some of the biggest most gross nafta one percent gazprom one point two percent burbank another banking shares were losing declining two thirds of a percent on monday the chief strategist for the committee says the russian market is likely to see more activity soon. the russian investors are just struggling in the moment to find stories to trade or the enthusiasm for russia that we've heard of the first quarter of this year has really been because the oil prices traded up so strongly through the five dollars a barrel there is a story with a really clear catalyst investors have been coming in very strongly and we saw that in the end of last week and also the day with with ross telecom which is going to be added to the sci russia index of the end of may. and vest as her parents march their index need to. add to that position so we've seen a very large volumes in that stock. it is also in japan could reduce global car production by thirty percent that's according to latest research from i.h.s. consulting many japanese car ma
point two percent take a look at some of the stocks energy shares were some of the biggest most gross nafta one percent gazprom one point two percent burbank another banking shares were losing declining two thirds of a percent on monday the chief strategist for the committee says the russian market is likely to see more activity soon. the russian investors are just struggling in the moment to find stories to trade or the enthusiasm for russia that we've heard of the first quarter of this year...
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sex down one point three percent the session second why energy majors were trading in the red cross nafta was setting two and a half percent lukoil one point eight percent but back to square invest in the market putting up good just a notch as it announces a deal placement will start early the summer. market is dominated by profit taking and which is not surprising we are seen as small oil price correction it's very very small nevertheless it gives investors a good excuse to take some profits from their oil and gas sector names mostly we are seen oil and gas majors dahlan by between two and two a half percent on the day to day which is again quite logical and explainable given the run up to that they have head over the past three weeks. russia's two billion dollars solver and fund to attract direct foreign investments may be in place as quickly as you know head of russian state development bank be easy says foreign investors welcomed the idea. when it comes to teaching one thank you we've gained support from the leading private unsoldered investment funds including abu dhabi and the inves
sex down one point three percent the session second why energy majors were trading in the red cross nafta was setting two and a half percent lukoil one point eight percent but back to square invest in the market putting up good just a notch as it announces a deal placement will start early the summer. market is dominated by profit taking and which is not surprising we are seen as small oil price correction it's very very small nevertheless it gives investors a good excuse to take some profits...
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most banking shares are down seeing this burbank shooting three percent for the biggest losers ross nafta's down two point three percent norris nickel is strong very flat at the moment just i'm not sharp that's after russian metal holding mentality best seller plans to price shares in russia's largest nickel mining company and now it's prices they've extended losses as the deepening crisis in japan tends to scare investors away from risky assets markets are also concerned about the possible short term decline in demand from the world's largest economy. three and four percent respectively. but that region by japan's nuclear crisis is causing an energy squeeze in the country we're going to get unicredit access will be forced to become more dependent on energy imports the major impact on the commodities market i guess would come from the restructuring of the ship and these nuclear industry is facing major constraints on the further development on even the construction so that we might be talking about the the actual reduction of the japanese nuclear energy industry as a whole and in that respe
most banking shares are down seeing this burbank shooting three percent for the biggest losers ross nafta's down two point three percent norris nickel is strong very flat at the moment just i'm not sharp that's after russian metal holding mentality best seller plans to price shares in russia's largest nickel mining company and now it's prices they've extended losses as the deepening crisis in japan tends to scare investors away from risky assets markets are also concerned about the possible...
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nafta. let me give you a couple of examples. the car parts that were sent from our country have to pay a 36% -- 36% on the product going there. when that same product comes back to u.s., it pays 1.5% on the product. tell me how bad is going to work out for us? i want to be a trade representative for my country because i will not be train our people. guest: -- betray our people. guest: i do not know the specifics of those trade to these you are referring to, but our trading with canada has increased, mexico is our second- largest partner. that has created a lot of jobs. one of the difficulties of trade is, frequently, the benefits are spread broadly, and the shortfalls of trade are narrow. if a plan to consolidate or close, that is often in a small locality where the benefits are spread broadly. i understand, it is hard to see the benefits. the fact is, our exports are up 16.8% this year. that is well on its way to doubling, and that will create 2 million jobs over the next five years. host: massachusetts. jane is on the republic
nafta. let me give you a couple of examples. the car parts that were sent from our country have to pay a 36% -- 36% on the product going there. when that same product comes back to u.s., it pays 1.5% on the product. tell me how bad is going to work out for us? i want to be a trade representative for my country because i will not be train our people. guest: -- betray our people. guest: i do not know the specifics of those trade to these you are referring to, but our trading with canada has...
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now, they passed nafta. that screwed up the american people. that screwed up the income for the taxes. and then they cut the taxes on the rich. so we don't have the money for all this. host: so your points directly to public transportation? caller: if we quit using the oil to make plastic, all this plastic we make, and we wouldn't need half the oil. and that's the whole problem. the oil being used for gas is being used for plastic and that is taking up most of the oil host: cleveland, ohio. caller: good morning, gentlemen. i'm from cleveland. i'm calling in actually i got several subjects to cover. i was calling in because let me get to the point. public transportation i think is a beautiful thing. and as far as the gas prices like you said when gas prices go up everything goes up. and that puts a damper on everybody's pockets. now, i've got a question from the earlier segment from the tsunami in tokyo. i just wanted to make this statement that i don't think it is any way to prepare for something of that magnitude. host: we'll leave it there. a
now, they passed nafta. that screwed up the american people. that screwed up the income for the taxes. and then they cut the taxes on the rich. so we don't have the money for all this. host: so your points directly to public transportation? caller: if we quit using the oil to make plastic, all this plastic we make, and we wouldn't need half the oil. and that's the whole problem. the oil being used for gas is being used for plastic and that is taking up most of the oil host: cleveland, ohio....